#real-estate-collapse

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World politics
fromFortune
2 days ago

Forget U.S. debt, China's total borrowing is in 'a league of its own'-much worse and deteriorating faster, analyst says | Fortune

China’s debt-to-GDP ratio excluding finance has doubled since 2010, topping 300%, driven by public and corporate borrowing despite weaker household demand.
fromwww.npr.org
6 months ago

China's leaders to discuss economic outlook next week amid rising U.S. tensions

China's economy is stuck in the doldrums. Youth unemployment is at a two-year high. Housing prices have been falling for more than four years, and many believe they're yet to hit bottom. And Chinese consumers, like 32-year-old Lu Yingcai and 36-year-old Liu Lu, who NPR recently met on the streets of Beijing, are tightening their belts. LU YINGCAI: (Through interpreter) I'm actually traveling less and eating out less often.
World news
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